Coston-Riles Lumber Co. v. Alabama MacHinery & Supply Co.
Supreme Court of Alabama
Appeal from Circuit Court, Montgomery County; Leon McCord, Judge. Action by the Alabama Machinery & Supply Company against the Coston-Riles Lumber Company. Judgment for plaintiff, and defendant appeals. The appellee, Alabama Machinery’ & Supply Company, sued appellant, Coston-Riles Lumber Company, in the circuit court on certain promissory notes specifically set up in defendant’s pleading. Both .of said parties were domestic corporations.
Read the full summary
Appeal from Circuit Court, Montgomery County; Leon McCord, Judge. Action by the Alabama Machinery & Supply Company against the Coston-Riles Lumber Company. Judgment for plaintiff, and defendant appeals. The appellee, Alabama Machinery’ & Supply Company, sued appellant, Coston-Riles Lumber Company, in the circuit court on certain promissory notes specifically set up in defendant’s pleading. Both .of said parties were domestic corporations. It is specifically averred in the complaint that— “All suits for the collection for said goods or of notes given or for the recovery of said goods or for…
1DissentThomas, J.
Provisions of the charter offered in evidence are:
“(K) To borrow money and execute the corporation’s note or notes therefor and secure the same, if desired, by mortgage or pledge of its real or personal property, one or both, or any part thereof; (L) to further liave and exercise all of the powers and rights and discharge all of the duties, regardless of whether they are- expressly given or imposed herein or not, that are given and'imposed on such corporations by article five -of chapter 69, of the Code of Alabama of 1907, and the amendments to the respective pertinent sections thereof; * * *…
2Cases cited37 opinions
- Boyd's Lessee v. GravesSupreme Court of the United States · 1819
- Woolf v. McGaughSupreme Court of Alabama · 1911
- Police Jury v. BrittonSupreme Court of the United States · 1873
- Southern States Fire Ins. v. KronenbergSupreme Court of Alabama · 1917
- Merchants' National Bank v. Citizens' Gas Light Co.Massachusetts Supreme Judicial Court · 1893
32 more not listed; retrieve them via the Exa API.